We recognise the importance of greening the UK housing market so we can all play our part in achieving net zero emissions by 2050.

Green Additional Borrowing

We’re committed to supporting our customers to reduce their carbon footprint, and one of the great ways we can all do this is to improve the energy efficiency of our homes. That’s why we’re delighted to be able to offer Green Additional Borrowing products, to eligible existing mortgage customers.

At least 50% of the amount borrowed must be spent on energy efficient home improvements such as (but not limited to):

  • Solar panels
  • Insulating the property
  • New windows and doors
  • Ground or air source heat pumps
  • Bio-mass boilers

Features and benefits

We offer a Residential product and a Buy to Let product, both of which are attractively priced.

  • No product fees
  • No Early Repayment Charges, so your clients won’t incur a penalty if they leave mid-deal
  • Borrow between £5,000 - £50,000, depending on their individual circumstances
  • Available on a Repayment basis up to 90% LTV. Also available up to 70% for Interest Only mortgages and up to 80% for part and part (with the interest only element not exceeding 70%). Subject to lending policy.
  • On Buy to Let mortgages, your clients can borrow up to 75% Loan to Value
  • At the end of the deal period your clients additional borrowing will switch onto our Reversion Rate which is a discount of our Mortgage Variable Rate (MVR) -1% until 5 years after the mortgage start date, followed by the MVR for the remainder of the mortgage term. Alternatively, they could switch to another Skipton product, subject to availability and their eligibility at the time.

Eligibility criteria

You'll need to check your client's eligibility before applying for Additional Borrowing:

  • Minimum Additional Borrowing loan of £5,000 applies
  • Your client must have made six months consecutive mortgage payments before applying for Additional Borrowing. They must not be in arrears or have had more than one missed payment within the last 12 months or have exceeded two missed months in the last two years
  • Affordability is calculated on the total new loan amount, not just the Additional Borrowing
  • Your client can't take out Additional Borrowing if they don't pay by Direct Debit
  • Your client must spend at least 50% of the Additional Borrowing on energy efficient home improvements. Eligible improvements include things such as: solar panels, insulating your property, new windows and doors, ground or air source heat pumps and bio-mass boilers
  • The mortgage term of the Additional Borrowing cannot exceed the mortgage term of your clients existing main mortgage account
  • Subject to lending criteria and full affordability assessment.

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